U.S. budget deficit surged in July to highest level since March 2021

AI Summary

The U.S. budget deficit surged in July 2026 to its highest level since March 2021, bringing the fiscal year deficit to nearly $1.8 trillion over 10 months. This increase highlights continuing fiscal challenges for the U.S. government.

Beyond the big single-month jump, the collective red ink over the 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.